After Tesla, It Is Favored By Ford, And The Lithium Iron Phosphate Battery Fully Surpasses The Ternary Lithium Battery

Ternary lithium battery (NCM/NCA) and lithium iron phosphate battery (LFP) are the two most mainstream technical routes in the field of electric vehicle power batteries at this stage. As the price of battery raw materials continues to rise, lithium-iron-phosphate batteries with cost advantages have begun to be adopted by more car companies. In the first quarter of 2022, the installed capacity of lithium iron phosphate batteries fully surpassed that of ternary lithium batteries, and the market share has gradually increased.

Following Tesla's announcement of the use of lithium iron phosphate batteries in entry-level models such as the Model 3 and Model Y, another American car company, Ford Motor, plans to launch electric models equipped with lithium iron phosphate batteries.

Ford CEO Jim Farley said in a recent earnings conference call that Ford has accumulated a certain amount of technology for lithium iron phosphate batteries, and plans to use lithium iron phosphate batteries in the pure electric SUV Mustang Mach-E in the future. The pure electric pickup F-150 Lightning has two low-cost entry-level models, but the specific launch time and more details have not been disclosed.

"We have been researching lithium iron phosphate batteries for a long time, and the introduction of lithium iron phosphate battery solutions in Ford's first-generation pure electric vehicles is a huge opportunity to rapidly increase production," Farley said at the conference.

According to Ford, the annual output of the F-150 Lightning model in the United States will reach 150,000 units by 2023, while the annual output of the Mustang Mach-E model in Mexico in 2021 will only be 50,000 units. It's no small challenge for Ford. The adoption of lithium iron phosphate batteries can not only maintain the price attractiveness of entry-level models under the trend of rising raw material prices, but also better allocate ternary lithium battery production to high-end long-range models, thereby slowing down the shortage of ternary lithium batteries. The supply pressure brought by it will further expand the overall production capacity of electric vehicles.

Foreign media said that in addition to the confirmed Mustang Mach-E and F-150 Lightning, Ford may also be equipped with lithium iron phosphate batteries on the pure electric commercial van E-Transit.